EZ-CDM: Fast, simple, robust, and accurate estimation of circular diffusion model parameters

The investigation of cognitive processes that form the basis of decision-making in paradigms involving continuous outcomes has gained the interest of modeling researchers who aim to develop a dynamic decision theory that accounts for both speed and accuracy. One of the most important of these continuous models is the circular diffusion model (CDM, Smith. Psychological Review, 123(4), 425. 2016), which posits a noisy accumulation process mathematically described as a stochastic two-dimensional Wiener process inside a disk. Despite the considerable benefits of this model, its mathematical intricacy has limited its utilization among scholars. Here, we propose a straightforward and user-friendly method for estimating the CDM parameters and fitting the model to continuous-scale data using simple formulas that can be readily computed and do not require theoretical knowledge of model fitting or extensive programming. Notwithstanding its simplicity, we demonstrate that the aforementioned method performs with a level of accuracy that is comparable to that of the maximum likelihood estimation method. Furthermore, a robust version of the method is presented, which maintains its simplicity while exhibiting a high degree of resistance to contaminant responses. Additionally, we show that the approach is capable of reliably measuring the key parameters of the CDM, even when these values are subject to across-trial variability. Finally, we demonstrate the practical application of the method on experimental data. Specifically, an illustrative example is presented wherein the method is employed along with estimating the probability of guessing. It is hoped that the straightforward methodology presented here will, on the one hand, help narrow the divide between theoretical constructs and empirical observations on continuous response tasks and, on the other hand, inspire cognitive psychology researchers to shift their laboratory investigations towards continuous response paradigms.